Singapore: license granted to launch a security token exchange

Global private capital platform CapBridge, today announced that it has received approval from the Monetary Authority of Singapore (MAS) for its associated entity, CapBridge Platform Pte. Ltd., to operate a securities exchange known as 1exchange (1X) as a Recognised Market Operator (RMO) in Singapore.

Johnson Chen, CapBridge Founder and CEO

CapBridge and Ethereum blockchain technology studio ConsenSys are working to develop a fully compliant private securities exchange built on the public Ethereum blockchain.

In due course, this regulated and secure exchange will offer services that include the listing and trading of security tokens.